805 S 5th Street

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805 S 5th Street

Norfolk, NE 68701
Asking Price
$350K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building available for purchase in Norfolk Nebraska.
  • Property located at 805 S 5th Street in the 68701 zip code.
  • Asking price for the apartment asset is set at 349900 dollars.
  • The building serves as a residential income investment opportunity for buyers.
  • Norfolk functions as a commercial and industrial hub for Northeast Nebraska.

What's Special

This multifamily apartment building at 805 S 5th Street in Norfolk, Nebraska, is currently available for purchase by investors seeking to expand their residential portfolios. The property represents a straightforward acquisition in a steady regional market that supports consistent housing demand. Norfolk serves as a primary hub for commerce and industry in Northeast Nebraska, characterized by a diverse economic base and a stable population base that creates ongoing need for rental units. Investors may find this asset suitable for long-term hold strategies or as part of a broader residential income strategy within the local community. The location provides accessible connectivity to local services and employers, making it a functional choice for tenants looking for residential stability. With a focus on income generation, this multifamily site aligns with the requirements of buyers who prioritize core residential assets in secondary markets that demonstrate sustained economic activity.

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NOI
$80,000
Cap Rate
22.86%
DSCR
3.85
Strong
Cash-on-Cash
56.42%
Monthly Payment
$1,731.114
Annual Cash Flow
$59,226.629

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